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Makina: The hack only affected DUSD/USDC pool users and a snapshot was taken before the incident

2026.01.21 08:40:41

Jan 21 — Multi-chain DeFi execution engine Makina has released its latest update on yesterday’s hack. The breach only impacted users who provided liquidity to the Curve DUSD/USDC pool; holders of DUSD, Pendle, and Gearbox positions were unaffected. Makina has identified clues about the hacker’s identity and is actively engaging with them. Prior to the attack, Makina took a snapshot of the Curve DUSD/USDC pool. For users still providing liquidity to this pool: please withdraw your funds **only as DUSD** until further notice. The team is implementing additional measures, including disabling recovery mode and re-enabling the redemption function. Yesterday’s attack occurred on the Ethereum network, resulting in a loss of $5,107,871 USDC. The vulnerability allowed the attacker to manipulate the pool’s price, inflate liquidity providers’ asset values, and execute an arbitrage attack.
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